Article ID Journal Published Year Pages File Type
7243682 Journal of Economic Behavior & Organization 2013 16 Pages PDF
Abstract
► Disequilibrium trades in a single double auction market do not distort the ultimate equilibrium price. ► The Marshallian theory of quantity adjustments and the Walrasian theory of price adjustment combine to create a relative accurate price dynamics.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Marshall and Walras, disequilibrium trades and the dynamics of equilibration in the continuous double auction market
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